CALGARY,
AB, Jan. 4, 2023 /CNW/ - ATCO Ltd. (TSX:
ACO.X) (TSX: ACO.Y)
ATCO Ltd. today announced that its Structures division has
acquired Triple M Modular Housing, a leading North American
manufacturer of factory-built, modular housing based in
Lethbridge, Alberta. Triple M will
operate as a specialized housing division for ATCO Structures
within Canada.
"This acquisition boosts ATCO's status as a global leader and
innovator in modular construction, offering our customers a diverse
range of modular products from residential to commercial to
industrial," said Adam Beattie,
President, ATCO Structures. "Triple M's ability to deliver
affordable, high-quality homes within a short construction timeline
is a strategic advantage for us in the current housing market."
Established in 1981, Triple M is the largest manufacturer of
modular residential homes in Western
Canada. With more than 300 highly trained production
employees and an experienced management team, Triple M constructs
residential homes and associated products from its 230,000 square
foot climate-controlled manufacturing facility. The company has an
extensive dealer network in Canada
that retails Triple M products to the residential housing
market.
The founding business line of ATCO group, ATCO Structures has
been in business for 75 years. With manufacturing facilities in
Canada, the United States, Mexico, Chile
and Australia, ATCO Structures
provides global solutions for workforce housing, hotels, medical
facilities, schools, multi-family housing and more.
With approximately 6,400 employees and assets of $23
billion, ATCO is a diversified global corporation with investments
in the essential services of Structures & Logistics (workforce
and residential housing, innovative modular facilities,
construction, site support services, workforce lodging services,
facility operations and maintenance, defence operations services,
and disaster and emergency management services); Utilities
(electricity and natural gas transmission and distribution, and
international electricity operations); Energy Infrastructure
(electricity generation, energy storage and industrial water
solutions); Retail Energy (electricity and natural gas retail
sales); Transportation (ports and transportation logistics); and
Commercial Real Estate. More information can be found
at www.ATCO.com.
Investor Inquiries:
Colin Jackson
Senior Vice President, Finance, Treasury, Risk &
Sustainability
403 808 2636
Colin.Jackson@ATCO.com
Media Inquiries:
Kurt Kadatz
Director, Corporate Communications
587 228 4571
Kurt.Kadatz@ATCO.com
SOURCE ATCO Ltd.